This property might be a fair Mid-Term investment with a projected 1.49% first-year return on $72,600 initial cash invested.
1.49%
Cash On Cash
7.21%
Cap Rate
1.14
DSCR
$2,476
Rent
$90
Cashflow
Cash Flow
$2,476 income − $2,386 expenses = $90 cash flow
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,476
Total Expenses
$2,386
Mortgage P&I
55%
$1,374
Property Taxes
3%
$80
Home Insurance
4%
$91
HOA
0%
$0
Property Management
12%
$297
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272